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Obama Administration to Defense Contractors: No Layoff Notices Until After Election, Please

jim39 Wrote: Sep 30, 2012 10:00 AM
Does Obama think he's gonna keep people who work for Defense Contractors out-of-the-loop? That they won't know that their jobs are gonna be terminated? What Obama doesn't want is the press reporting the pink slips. There are some things even they can't hide.

In an effort to make the economy look a little rosier than it is, the Obama administration is basically coercing defense contractors so as to prevent news of layoffs hitting voters before the election. With sequestration about to result in some major cuts to the defense budget, contractors will lose government business -- and that means, employees will lose jobs. But to prevent poor numbers ahead of the November election, the Obama administration has made it very, well, fiscally unwise for companies to issue layoff notices too early.

The Labor Department issued guidance in July saying it...